Hub Group Inc (HUBG)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 768,329 | 849,245 | 1,056,700 | 894,288 | 672,835 |
| Total current liabilities | US$ in thousands | 579,481 | 658,210 | 691,770 | 687,069 | 529,105 |
| Current ratio | 1.33 | 1.29 | 1.53 | 1.30 | 1.27 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $768,329K ÷ $579,481K
= 1.33
The current ratio of Hub Group Inc has shown a stable trend over the past five years. It increased from 1.27 in December 31, 2020, to 1.30 in December 31, 2021, indicating a slight improvement in liquidity. Subsequently, the ratio further improved to 1.53 by December 31, 2022, reflecting a significant increase in the company's ability to cover its short-term obligations with current assets.
However, there was a slight decline in the current ratio in December 31, 2023, as it dropped to 1.29, suggesting a potential strain on the company's liquidity position. Nonetheless, Hub Group Inc managed to recover in the following year, with the current ratio rising to 1.33 by December 31, 2024.
Overall, Hub Group Inc's current ratio has generally remained above 1 over the specified period, indicating that the company has been able to meet its short-term obligations using its current assets. However, fluctuations in the ratio highlight the importance of closely monitoring liquidity management to ensure financial stability and sound operational efficiency.
Peer comparison
Dec 31, 2024